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M-KOPA Raises $75 Million as It Clocks 2 Million Customers Across Four African Markets
A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked.
- Region
- Sub-Saharan Africa
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UK Pledges £10 Million for Energy Projects In Nigeria
The UK is providing up to £10 million of concessional aid to reduce the risk for pension and insurance funds to invest in energy access projects, and support Nigeria’s COP26 commitments.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Husk Power Systems Secures Largest-Ever Debt Finance for Solar Microgrids in Rural India, Receiving $4 Million from IREDA to Construct 140 Microgrids
Husk Power Systems, the rural clean energy services leader in Africa and Asia and operator of the largest fleet of solar energy community microgrids in India, today announced the successful close of $4.2 million debt financing from the India Renewable Energy Development Agency (IREDA) Ltd.
- Categories
- Energy
- Region
- Global
- Tags
- rural development, scale, solar
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African Development Fund Approves $27.39 Million Grant to Develop Renewable Energy Investments in Ghana
The Board of Directors of the African Development Fund has approved a $27.39 million grant to Ghana for the development of renewable energy investments in the mini grid and net metering space.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Clean Energy Firm Husk Signs UN Energy Compact as it Begins Solar Mini-Grid Expansion in Nigeria, Rest of Africa
Husk Power Systems, a clean energy company that has been at the forefront of fueling rural electrification since 2008, is planning to launch 500 solar mini-grids in Nigeria over the next five years.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Report: $1.2 Trillion Needed To Disrupt African Agriculture Through Off-Grid, Renewable Solutions
Zooming in on Africa’s most important sector, which accounts for 75% of rural economic activity, the agriculture value chain represents the most significant opportunity for PUE capital investment.
- Categories
- Agriculture, Energy
- Region
- Sub-Saharan Africa
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Mainstream Renewable Raises €90 Million To Accelerate New Market Entries
Mainstream Renewable Power has raised €90 million in additional funding to accelerate new market entries and build out assets across Latin America, Africa and the Asia-Pacific region.
- Categories
- Energy
- Region
- Global
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Press Release: Global Off-Grid Solar Market Report Indicates Need for Further Climate Investment To Achieve Universal Energy Access
As world leaders prepare to meet at COP26, GOGLA, the global association for the off-grid solar industry, along with Efficiency for Access Coalition, just published its latest semi-annual Global Off-Grid Solar Market Report.
- Categories
- Energy, Environment